Dell Technologies, backed by the Securities and Exchange Commission (SEC), has rejected a proposal to add Bitcoin to its corporate treasury. This decision highlights the company's cautious approach towards digital assets.
Dell's Proposal Rejection
Dell Technologies has decided to omit the proposal to add Bitcoin from its 2025 shareholder agenda. This proposal was initiated by the National Center for Public Policy Research, seeking to incorporate Bitcoin as a corporate asset. The company's decision demonstrates its conservative attitude towards cryptocurrency investments.
SEC's Support and Its Significance
The Securities and Exchange Commission (SEC) confirmed Dell's right to omit the proposal, citing it as an 'ordinary business operation.' Dell's CEO, Michael Dell, had previously mentioned the value of Bitcoin in his tweets but maintains a firm stance against the adoption of Bitcoin by the company.
Impact on Cryptocurrency Market
Despite Dell's refusal, the market reaction has been negligible. Bitcoin's price and the liquidity of major tokens have not changed. Analysis shows that the rejection by large companies, like McDonald's, to adopt Bitcoin into their treasury indicates a cautious stance towards digital currencies.
Dell's decision to reject the Bitcoin proposal underscores the conservative approach of large corporations towards digital assets. At the same time, the attention to regulatory norms in this area may inevitably influence future initiatives.
